Assuming a Price Index Calculated 104

Multiple Choice

Assuming a price index calculated 104.5 in 2008,compared with 100 in 2007,for a bundle of goods,what is the current purchasing power of every dollar,compared to 2007?

A) 95.5 cents in every dollar, on average
B) 95.69 cents in every dollar, on average
C) 96.5 cents in every dollar, on average
D) $1.045 in every dollar, on average